Calendar Year

1999 in US Banking

584 bank events on record in 1999 — 8 failures, 500 mergers or acquisitions, and 76 regulatory enforcement actions.

Failures

$1,592,189,000 in failed assets

500

Mergers

NIC transformations

Enforcement

OCC / FDIC / FRB / OTS

Failures in 1999

Date	Bank	HQ	Assets	Acquirer
1999-12-10	GOLDEN CITY COMMERCIAL BANK	NEW YORK, NY	$87,158,000	CATHAY BANK
1999-11-22	PACIFIC THRIFT AND LOAN CO	WOODLAND HILLS, CA	$127,342,000	AFFINITY BANK
1999-09-10	PEOPLES NB OF COMMERCE	MIAMI, FL	$36,823,000	BOSTON BANK OF COMMERCE
1999-09-01	FIRST NB OF KEYSTONE	KEYSTONE, WV	$1,119,865,000	AMERIBANK, INCORPORATED
1999-07-09	EAST TEXAS NB OF MARSHALL	MARSHALL, TX	$121,564,000	FREDONIA STATE BANK
1999-07-09	OCEANMARK BANK, A FSB	NORTH MIAMI BEACH, FL	$68,981,000	THIRD FS&LA OF FLORIDA
1999-04-23	ZIA NEW MEXICO BANK	TUCUMCARI, NM	$17,251,000	FIRST NATIONAL BANK OF NEW
1999-03-26	VICTORY STATE BANK	COLUMBIA, SC	$13,205,000	SOUTH CAROLINA COMMUNITY BA

Mergers & Acquisitions in 1999 (top 500 of 500)

Date	Acquired	St	Acquirer
1999-12-31	ROWLAND SERVICE CORP.	NJ	723 SERVICE CORPORATION
1999-12-31	National Business Bank	CA	Calwest Bank
1999-12-31	COMMUNITY LIFE INSURANCE COMPANY	AZ	M&I ICOA, INC.
1999-12-31	PEOPLES HERITAGE REALTY 1	ME	APEX, INC.
1999-12-31	PRICHARD PLAZA REALTY CORPORATION	MA	NEW MARLBORO CORPORATION
1999-12-31	NORWEST HOLDING COMPANY	MN	WELLS FARGO & COMPANY
1999-12-31	(unnamed)	—	ESSEX HOLDINGS, INC.
1999-12-31	MORSE, PAYSON, & NOYES INSURANCE	ME	TD INSURANCE, INC.
1999-12-31	PEOPLES PORTSMOUTH REALTY, INC.	ME	BNH REALTY HOLDINGS, INC.
1999-12-31	REPUBLIC NEW YORK CORPORATION	NY	HSBC USA INC.
1999-12-31	A.D. DAVIS, INCORPORATED	NH	TD INSURANCE, INC.
1999-12-31	LOUJO COMPANY	WI	M&I Marshall and Ilsley Bank
1999-12-31	Century Bank	CA	First Bank & Trust
1999-12-31	CHIRICAHUA ENTERPRISES, INC.	ME	APEX, INC.
1999-12-31	FIRST FINANCIAL INSURANCE AGENCY INC	IN	GERMAN AMERICAN INSURANCE, INC.
1999-12-31	PATAPSCO VALLEY BANCSHARES, INC.	MD	F&M BANCORP
1999-12-31	WISH, INC.	ME	APEX, INC.
1999-12-31	CARIBOU COMMERCIAL VENTURES, INC.	ME	APEX, INC.
1999-12-31	PEOPLES HERITAGE REALTY 2	ME	APEX, INC.
1999-12-31	PARIDON STREET CORP.	MA	ESSEX HOLDINGS, INC.
1999-12-31	WESTERN HOLDINGS, INC.	ME	APEX, INC.
1999-12-31	LETCHWORTH INDEPENDENT BANCSHARES CORPORATION	NY	TOMPKINS FINANCIAL CORPORATION
1999-12-31	FIRST WAUKEGAN CORPORATION	IL	STATE FINANCIAL SERVICES CORPORATION
1999-12-31	6524 SERVICE CORPORATION	NJ	723 SERVICE CORPORATION
1999-12-31	POTTERY CREDIT UNION	IL	CREDIT UNION 1
1999-12-31	INDIANA CORPORATE CENTRAL FEDERAL CREDIT UNION	IN	MEMBERS UNITED CORPORATE FEDERAL CREDIT UNION
1999-12-31	LIBBEY ASSOCIATES FEDERAL CREDIT UNION	CA	SAN GABRIEL VALLEY CREDIT UNION
1999-12-31	M&I BUILDING CORP.	WI	M&I Marshall and Ilsley Bank
1999-12-31	FIRST UNION FPS II, INC.	NC	WELLS FARGO INVESTMENT INSTITUTE, INC.
1999-12-31	TRI-COUNTY FEDERAL FINANCE ONE	MD	Community Bank of the Chesapeake
1999-12-31	Commercial and Farmers Bank	MD	Farmers & Mechanics Bank
1999-12-31	BANCSHARES OF DYER, INC.	TN	CIVITAS BANKGROUP, INC.
1999-12-31	Republic Bank of New York	NY	HSBC BANK USA, NATIONAL ASSOCIATION
1999-12-31	780 NORTH CORP., THE	WI	M&I Marshall and Ilsley Bank
1999-12-31	FSB INVESTMENT HOLDINGS CO., INC.	KS	Community First Bank
1999-12-31	CORONADO COMMERCIAL VENTURES, INC.	ME	APEX, INC.
1999-12-31	RICHMOND BANCORP, INC.	WI	STATE FINANCIAL SERVICES CORPORATION
1999-12-31	STATE FINANCIAL INVESTMENTS INC.	WI	State Financial Bank
1999-12-30	RANDOLPH-TOMLINSON EQUITIES, INC.	NC	JOHNSON LANE SPACE SMITH CORPORATION, THE
1999-12-30	FIRST DEVELOPMENT CORPORATION	MD	SUNSET HILL CORPORATION
1999-12-30	MID AM PRIVATE TRUST, N.A.	OH	SKY TRUST, NATIONAL ASSOCIATION
1999-12-30	CINCINNATI PHOENIX BUILDING, INC.	NC	JOHNSON LANE SPACE SMITH CORPORATION, THE
1999-12-30	SMITH BARNEY (DELAWARE) INC.	NY	CITIGROUP GLOBAL MARKETS HOLDINGS INC.
1999-12-30	WOODS M CORP.	MD	SUNSET HILL CORPORATION
1999-12-30	UBK REALTY, INC.	KY	NATCITY INVESTMENTS, INC.
1999-12-30	SEVENTEENTH COMMERCE PROPERTIES CORPORATION	MD	SUNSET HILL CORPORATION
1999-12-30	DEVON A CORP.	MD	SUNSET HILL CORPORATION
1999-12-30	PALISADES A CORP.	MD	SUNSET HILL CORPORATION
1999-12-30	METROPO M CORP.	MD	SUNSET HILL CORPORATION
1999-12-30	SECOND PREMISES CORPORATION	KY	NATCITY INVESTMENTS, INC.
1999-12-30	C STREET, INC.	NC	JOHNSON LANE SPACE SMITH CORPORATION, THE
1999-12-30	GREENBURGH MARCO, INC.	MD	MARCO PROPERTIES, INC.
1999-12-30	FIDELITY ACCEPTANCE CORPORATION	IA	WELLS FARGO FINANCIAL ACCEPTANCE, LLC
1999-12-30	SCARRITT ARCADE, INC.	NC	JOHNSON LANE SPACE SMITH CORPORATION, THE
1999-12-30	UB&T HOLDING COMPANY	TX	STATE NATIONAL BANCSHARES OF DELAWARE, INC.
1999-12-30	SULLY A CORP.	MD	SUNSET HILL CORPORATION
1999-12-29	FIFTH THIRD COMMUNITY DEVELOPMENT COMPANY	OH	FIFTH THIRD COMMUNITY DEVELOPMENT CORPORATION
1999-12-29	DAIRY STATE INVESTMENTS, INC.	WI	DAIRY STATE FINANCIAL SERVICES, INC.
1999-12-29	PINNACLE FINANCIAL CONSULTANTS, INC.	IN	FIFTH THIRD BANCORP
1999-12-29	PEOPLES INVESTMENT SERVICES, INC.	IN	PEOPLES BUILDING CORPORATION
1999-12-28	GMB ASSET MANAGEMENT CORPORATION	VT	GMB ASSET MANAGEMENT, LLC
1999-12-28	NETWORK FINANCIAL CORPORATION	FL	Union Planters Bank, National Association
1999-12-28	Security First Bank	CA	Bank of Orange County
1999-12-28	ILLINOIS DISTRICT FEDERAL CREDIT UNION	IL	REVITY CREDIT UNION
1999-12-28	UNION PLANTERS REALTY INC	FL	Union Planters Bank, National Association
1999-12-27	TCF NEW YORK INVESTMENTS, INC.	MN	TCF NATIONAL PROPERTIES, INC.
1999-12-27	TCF WISK, INC.	MN	TCF NATIONAL PROPERTIES, INC.
1999-12-27	TCF QWIK, INC.	MN	TCF NATIONAL PROPERTIES, INC.
1999-12-27	FFS FUNDING CORP., INC.	WI	ASSOCIATED BANC-CORP
1999-12-27	TCF JUMP, INC.	MN	TCF NATIONAL PROPERTIES, INC.
1999-12-27	TCF BOLT, INC.	MN	TCF NATIONAL PROPERTIES, INC.
1999-12-27	TCF SPED, INC.	MN	TCF NATIONAL PROPERTIES, INC.
1999-12-27	UFS CAPITAL CORPORATION	WI	ASSOCIATED BANC-CORP
1999-12-24	(unnamed)	—	AMTRADE INTERNATIONAL BANK OF GEORGIA
1999-12-23	DEAN HOLDINGS, LLC	MN	BREMER FINANCIAL CORPORATION
1999-12-23	DUNN COUNTY BANKSHARES, INC.	MN	BREMER FINANCIAL CORPORATION
1999-12-23	DEL-VEST, INC.	DE	MARAND CORPORATION
1999-12-23	NORWEST AGRICULTURAL CREDIT, INC.	SD	WELLS FARGO & COMPANY
1999-12-23	STATE STREET BROKERAGE SERVICES, INC.	MA	STATE STREET BANK AND TRUST COMPANY
1999-12-22	SALOMON MILLENNIUM BRIDGE FUND INC.	NY	CITIGROUP FINANCIAL PRODUCTS INC.
1999-12-22	SALOMON BROTHERS MORTGAGE SECURITIES V, INC.	NY	CITIGROUP FINANCIAL PRODUCTS INC.
1999-12-22	SOUTH POINT SHOPPING CENTER, INC.	MD	SUNSET HILL CORPORATION
1999-12-22	ROOMS-SPRINGFIELD, INC.	MD	SUNSET HILL CORPORATION
1999-12-22	First Southwest Bank	LA	FIRST GUARANTY BANK
1999-12-22	SMITH BARNEY FUNDING CORP.	NY	CITIGROUP GLOBAL MARKETS HOLDINGS INC.
1999-12-22	SALOMON BROTHERS MORTGAGE SECURITIES INC	NY	CITIGROUP FINANCIAL PRODUCTS INC.
1999-12-22	MULTI-STATE PROPERTIES, INC.	MD	SUNSET HILL CORPORATION
1999-12-22	WASHINGTON VIEW, INC.	MD	SUNSET HILL CORPORATION
1999-12-22	BUFFALO MARKET WORKERS FEDERAL CREDIT UNION	NY	KAY BEE DEE - LOCAL 264 FEDERAL CREDIT UNION
1999-12-22	ELWIN COMPANY, INC.	MD	SUNSET HILL CORPORATION
1999-12-21	BREMER PREMIUM FINANCE CORPORATION	WI	DUNN COUNTY BANKSHARES, INC.
1999-12-21	OCMULGEE CORPORATION, THE	GA	SUNSET HILL CORPORATION
1999-12-21	RIVER BANCORP, INC.	MN	COMMUNITY FIRST BANKSHARES, INC.
1999-12-21	CHASE/SCARBOROUGH GROUP, INC.	MD	WAC ONE, INC.
1999-12-21	FIRST FINANCIAL REAL ESTATE DEVELOPMENT, INC.	MD	WAC ONE, INC.
1999-12-21	SUNCOAST ADVERTISING COMPANY, INC.	FL	SUNSET HILL CORPORATION
1999-12-21	EXHO PROPERTY, INC.	MD	SUNSET HILL CORPORATION
1999-12-21	200 SERVICE CORPORATION	FL	SUNSET HILL CORPORATION
1999-12-21	CFB HOLDING CORPORATION	MD	WAC ONE, INC.
1999-12-21	CAROLINA PACIFIC, INC.	MD	SUNSET HILL CORPORATION

Enforcement Actions in 1999

Date	Agency	Institution	Action
1999-12-13	OCC_OTS	(individual)	Supervisory Agreement: Middlesboro Federal Bank
1999-12-02	OCC_OTS	(individual)	Civil Money Penalty: Robert W. DeCook
1999-12-02	OCC_OTS	(individual)	Civil Money Penalty: Gary L. Rozenboom
1999-12-02	OCC_OTS	(individual)	Civil Money Penalty: Thomas L. Gillespie
1999-12-02	OCC_OTS	(individual)	Civil Money Penalty: Norman P. Zimmerman
1999-12-02	OCC_OTS	(individual)	Civil Money Penalty: Dwight L. Groves
1999-11-22	OCC_OTS	(individual)	Cease and Desist: Joe W. Walser, Jr
1999-11-22	OCC_OTS	(individual)	Civil Money Penalty: Joe W. Walser, Jr.
1999-11-22	OCC_OTS	CARNEGIE FINANCIAL CORPORATION	Supervisory Agreement: Carnegie Savings Bank
1999-11-22	OCC_OTS	(individual)	Supervisory Agreement: Carnegie Savings Bnk
1999-09-24	OCC_OTS	FIRST AMERICAN TRUST, FSB	Supervisory Agreement: First American Savings Bank FSB
1999-09-24	OCC_OTS	FIRST AMERICAN TRUST, FSB	Supervisory Agreement: First American Savings Bank, FSB
1999-09-10	OCC_OTS	COMMERCE FINANCIAL HOLDINGS, INC.	Civil Money Penalty: Commerce Bank
1999-08-26	OCC_OTS	(individual)	Termination of Cease and Desist: Doolin Security SB, FSB
1999-08-24	OCC_OTS	GLOBAL PAYMENTS INC.	Supervisory Agreement: Global Payments Systems LLC
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: Buford Williams
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: Kenneth Jones, II
1999-08-19	OCC_OTS	GLOBAL PAYMENTS INC.	Supervisory Agreement: Global Payments Systems LLC
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: Larry Rapp
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: Samuel Avant
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: George L. Sallee, Jr
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: Joe Landon
1999-08-19	OCC_OTS	TRUST COMPANY OF OKLAHOMA	Civil Money Penalty: Martin Colpitt
1999-08-12	OCC_OTS	EUREKA HOMESTEAD	Cease and Desist: Jones, Walker, Waechter, et al
1999-07-26	OCC_OTS	(individual)	Cease and Desist: Mark Asplund
1999-07-12	OCC_OTS	(individual)	Cease and Desist: North Penn S&LA
1999-07-11	OCC_OTS	FIRST DATA CORPORATION	Supervisory Agreement: First Data Corporation
1999-07-07	OCC_OTS	(individual)	Orders of Removal/Prohibition: Carolene T Daniel
1999-06-11	OCC_OTS	CENTURY BANCORP, INC.	Orders of Removal/Prohibition: Robert P. Kavulla
1999-06-07	OCC_OTS	FINANCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION	Supervisory Agreement: Bramble Federal Savings and Loan Association
1999-06-07	OCC_OTS	FINANCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION	Supervisory Agreement: Bramble Federal Savings and Loan Association
1999-05-24	OCC_OTS	STERLING BANCSHARES, INC.	Supervisory Agreement: Sterling Savings Bank
1999-05-24	OCC_OTS	STERLING BANCSHARES, INC.	Supervisory Agreement: Sterling Savings Bank
1999-05-14	OCC_OTS	(individual)	Supervisory Agreement: TransAlliance, L.P.
1999-05-12	OCC_OTS	(individual)	Supervisory Agreement: TransAlliance, L.P.
1999-05-10	OCC_OTS	(individual)	Orders of Removal/Prohibition: Lodin Hasiba
1999-04-26	OCC_OTS	ELK COUNTY BANCSHARES, INC.	Orders of Removal/Prohibition: David Alan Herzog
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: James J. Carmody
1999-03-30	OCC_OTS	FIRST DATA CORPORATION	Supervisory Agreement: First Data Corporation
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: Frank J. Kross
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: Roland G. Ley
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: Lowell I. Stahl
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: James R. Sneider
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: John D. Foster
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: Frank C. Casillas
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: Dilia Camacho-Saeedi
1999-03-30	OCC_OTS	(individual)	Civil Money Penalty: William E. Cahill, Jr.
1999-03-22	OCC_OTS	DOMINION COMPANY INC	Supervisory Agreement: Dominion Savings Bank
1999-03-22	OCC_OTS	(individual)	Supervisory Agreement: Dominion Savings Bank, FSB
1999-03-18	OCC_OTS	(individual)	Supervisory Agreement: Dominion Savings Bank, FSB
1999-03-18	OCC_OTS	(individual)	Supervisory Agreement: Dominion Savings Bank FSB
1999-03-01	OCC_OTS	ROCHESTER COMMUNITY SAVINGS BANK, THE	Cease and Desist: Timothy J. Moriarty
1999-02-24	OCC_OTS	(individual)	Cease and Desist: James J. Shoffner
1999-02-24	OCC_OTS	(individual)	Cease and Desist: J. Roy Shoffner
1999-02-24	OCC_OTS	(individual)	Civil Money Penalty: James J. Shoffner
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Ronald Huebsch
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Arthur S. Berner
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Barry A. Munitz
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Jenard M. Gross
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Arthur S. Berner
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Barry A. Munitz
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Ronald Huebsch
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Michael Crow
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Michael Crow
1999-02-10	OCC_OTS	UNITED SAVINGS ASSOCIATION OF TEXAS	Cease and Desist: Jenard M. Gross
1999-02-08	OCC_OTS	FIRST BANK OF BEVERLY HILLS	Cease and Desist: First Bank of Beverly Hills, FSB
1999-02-04	OCC_OTS	PALM BEACH INC.	Cease and Desist: Neil Notkin
1999-02-04	OCC_OTS	CINCINNATUS SAVINGS AND LOAN COMPANY, THE	Supervisory Agreement: Cincinnatus Savings and Loan Company
1999-02-04	OCC_OTS	CINCINNATUS SAVINGS AND LOAN COMPANY, THE	Supervisory Agreement: The Cincinnatus Savings and Loan Company
1999-02-03	OCC_OTS	UNITED FIDELITY BANK, FSB	Supervisory Agreement: United Fidelity Bank, fsb
1999-02-02	OCC_OTS	(individual)	Cease and Desist: Corning S&LA
1999-01-26	OCC_OTS	(individual)	Cease and Desist: Michael Paul Kirschner
1999-01-22	OCC_OTS	HOPKINS BANCORP, INC.	Civil Money Penalty: Alvin M. Lapidus
1999-01-07	OCC_OTS	(individual)	Cease and Desist: Wilshire Financial Services Group, Inc.
1999-01-07	OCC_OTS	(individual)	Cease and Desist: Wilshire Credit Corp., an Affiliate of First Bank of Beverly Hills, …
1999-01-07	OCC_OTS	WILSHIRE ACQUISITIONS CORPORATION	Cease and Desist: Wilshire Acquisitions Corp.

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